Latest News:

Renewable Diesel Industry Urging EPA to Increase Biofuel Targets

[originally published in AG WEB]

Renewable diesel industry officials are urging EPA to increase biofuel targets for 2023-2025 to avoid negatively affecting Renewable Identification Number (RIN) prices and renewable diesel producer margins. EPA’s proposed RVOs are considered outdated, as they don’t take into account the expected growth in renewable diesel production capacity. Current predictions suggest capacity will reach 4.1 billion gallons by the end of 2023, 5.5 billion in 2024 and 5.9 billion by 2025. Dave Kettner, president of Virent, warns that not adjusting the EPA proposal could endanger the burgeoning low carbon fuels market by devaluing advanced biofuels. The Advanced Biofuels Association (ABFA) will be presenting their concerns to the White House Office of Management and Budget. However, Michael McAdams, ABFA President, does not anticipate congressional involvement in the issue in the coming years. EPA by court order is expected to make its decisions by June 14.